18) FKLI : bull and bear plays tug-of-war
resumes frm 17), the latest high has broken above previous high of 1590 and creates higher-high at 1600-1605. Basically, bull is still IN CONTROL but a possible "head" has been formed. At the end of the week, price falls at 1592.5. Bull still maintains till 1575 closest higher-low is broken.
This could be a mere consolidation phase of a bull or a reversal...
IF the market is aggressive to the downside, THEN it will retest 1575-1585. IF the market breaks lower than the previous higher-low at 1575, THEN market has reversed into bear.
IF the market is slow-ish, THEN current point 1590 - 1595 is the range for possible continuation to higher price. Deeper consolidation will touch range from 1585-1590.
PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun.
#tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia
Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
This could be a mere consolidation phase of a bull or a reversal...
IF the market is aggressive to the downside, THEN it will retest 1575-1585. IF the market breaks lower than the previous higher-low at 1575, THEN market has reversed into bear.
IF the market is slow-ish, THEN current point 1590 - 1595 is the range for possible continuation to higher price. Deeper consolidation will touch range from 1585-1590.
PLS remember, I am not a guru and this is not a signal service provider. THIS is mere for fun.
#tradersupporttrader #FCPO #FKLI #futurestrader #cpop #malaysiatrader #bursa #BursaMalaysia
Disclaimer : "I am not a guru and I am working hard to make profit same as everyone else. This is not a recommendation of buy or sell, just a mere idea of trading and trading journal. Please consult your financial advisor for any thought of buying or selling. Trade at your own risk."
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.